Mr. Cameron Tymstra reports

TARGA ANNOUNCES DIRECTOR ADDITIONS

Targa Exploration Corp. shareholders elected James Paterson, the new chairman of the board, and Cameron Tymstra, chief executive officer and president of Targa, to the board of directors at its latest annual general meeting held on Monday, Dec. 11. Mr. Tymstra has replaced Jon Ward as a director and Mr. Ward will remain as vice-president of corporate development.

"I'd like to thank Jon Ward for his hard work as a director of Targa, steering the company through its IPO [initial public offering] in 2023 and bringing us to where we are today," commented Cameron Tymstra, Targa CEO. "I am grateful to have been elected to Targa's board of directors, and am humbled and excited to be working alongside Jim Paterson, who is bringing decades of mining leadership and experience to the table. With our upsized financing closing imminently, Jim's appointment as chairman and our recently assembled advisory board, the company is well positioned with the funding, leadership and technical expertise needed to begin unlocking value from our growing portfolio of lithium exploration assets in 2024."

Mr. Paterson is a co-founder and principal of Discovery Group and has 25 years of executive leadership experience in the mining industry, including capital raises, acquisitions, joint ventures, spinouts, and RTOs (reverse takeovers) and IPOs. He was a driving force behind $80-million in equity financing for ValOre Metals, which led to multiple discoveries at the Angilak uranium project and Pedra Branca PGE project. He is a director of K2 Gold, Latitude Uranium and Gold Basin Resources. He was a director of Kaminak Gold Corp. (acquired by Goldcorp), Northern Empire Resources Corp. (acquired by Coeur Mining) and Great Bear Royalties (acquired by Royal Gold). He founded Corsa Capital in 2007, and a 2010 transaction created an industry-leading metallurgical coal producer with a $250-million marketing capitalization.

Mr. Tymstra is the company's current chief executive officer and president, and has over 15 years of mining industry experience managing projects in Canada, the United States and Latin America. He previously held the role of chief operations officer of Latin American Minerals, and is currently the president and CEO of Canadian Securities Exchange-listed Tarachi Gold. Mr. Tymstra graduated from the University of Toronto with a degree in mining engineering and holds a master in mining management from the South Dakota School of Mines.

About Targa Exploration Corp.

Targa Exploration is a Canadian lithium exploration company engaged in the acquisition, exploration and development of lithium mineral properties with headquarters in Vancouver, B.C. Targa's lithium project portfolio consists of 10 projects in the provinces of Quebec, Ontario, Manitoba and Saskatchewan and covers over 400,000 hectares of prospective ground, most of which has never been explored previously for lithium. Targa is part of the Inventa Capital group of companies.

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